Office

341 39th Street

Commercial-Office Conversion Planned for 10- And Seven-Story Industrial Buildings at 341-353 39th Street, Greenwood Heights

Madison Realty Capital has acquired the 10-story, 130,000-square-foot industrial building at 341 39th Street and the neighboring seven-story, 30,000-square-foot industrial property at 353 39th Street, in southern Greenwood Heights (on the border of Sunset Park), with plans to convert the structures into modern office and manufacturing space. The properties traded for $37.5 million, Crain’s reports. The currently vacant buildings would get new lobbies, windows, mechanical equipment such as elevators, amenities, and outdoor space (presumably on the roof). Between the buildings, the floor plates will range from 4,000 square feet to 13,000 square feet. The 36th Street stop on the D, N, and R trains is three blocks to the north. The duo was placed on the market last year with an asking price of nearly $50 million.


28-07 Jackson Avenue

Reveal for Two-Tower, 1.1-Million-Square-Foot Office Complex at 28-07 Jackson Avenue, Long Island City

A rendering has been revealed of Tishman Speyer’s planned two-tower, 1.1-million-square-foot office complex at 28-07 Jackson Avenue (a.k.a. 28-10 Queens Plaza South), in the Queens Plaza section of Long Island City. The towers – dubbed One and Three Gotham Center – will stand 27 stories, or 396 feet, in height. As YIMBY reported in June, new building applications indicate a common four-story base will include roughly 30,000 square feet of retail space, restaurants, a food hall, and a parking garage for cars and bikes. The rendering also depicts an outdoor terrace on the fifth floor. 800,000 square feet of office space in the complex has already been pre-leased. One tenant includes WeWork, which is set to take 250,000 square feet. Another is Bloomingdale’s, which has reserved 550,000 square feet of office space, Crain’s reported. Doha-based Qatari Diar is co-developing the project, while Financial District-based MdeAS Architects is designing. Excavation is expected to begin in early 2017, with completion scheduled for 2019. One and Three Gotham Center will join the 22-story, 700,000-square-foot Two Gotham Center located immediately to the north. Tishman Speyer developed that in 2011.


1625 McDonald Avenue

Two-Story, 5,000-Square-Foot Mixed-Use Commercial Project Planned at 1625 McDonald Avenue, Midwood

Property owner Ronny Shmoel, doing business as an anonymous Brooklyn-based LLC, has filed applications for a two-story, 5,006-square-foot mixed-use commercial building at 1625 McDonald Avenue, in Midwood. The ground floor of the project will host commercial-retail and warehouse space and the second floor will house offices. The ground floor will also feature a seven-car parking garage. Gabriel Gingishvili’s Brooklyn-based MGM Creations is the architect of record. The 46-foot-wide, 5,377-square-foot property is currently occupied by a two-story house. Demolition permits have not been filed. The Avenue N stop on the F train is located a block to the north.



640 Parkside Avenue, image via Google Maps

Permits Filed: 640 Parkside Avenue, Medical/Storage Facility in Prospect Lefferts Gardens

In the fight over whether to rezone Prospect Lefferts Gardens in Brooklyn, a few industrially zoned blocks have become major sticking points. Activists have argued that a few highway-like blocks along Empire Boulevard, at the northwestern edge of the neighborhood, would produce high-rise development and gentrification if they were rezoned to allow new apartments. But there are two more industrial blocks at the southern end of the hood, on Parkside Avenue between Rogers and New York avenues, and now, a new building may replace an old warehouse there at 640 Parkside Avenue, between Rogers and Nostrand avenues.

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